Hartford Municipal Five Year Return vs. Net Asset
| HHMAX Fund | USD 8.42 0.01 0.12% |
For Hartford Municipal profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Hartford Municipal to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well The Hartford Municipal utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Hartford Municipal's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of The Hartford Municipal over time as well as its relative position and ranking within its peers.
Hartford |
The Hartford Municipal Net Asset vs. Five Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Hartford Municipal's current stock value. Our valuation model uses many indicators to compare Hartford Municipal value to that of its competitors to determine the firm's financial worth. The Hartford Municipal is one of the top funds in five year return among similar funds. It also is one of the top funds in net asset among similar funds making up about 1,480,185,838 of Net Asset per Five Year Return. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Hartford Municipal's earnings, one of the primary drivers of an investment's value.Hartford Net Asset vs. Five Year Return
Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.
Hartford Municipal |
| = | 1.16 % |
Although Five Year Returns can give a sense of overall investment potential, it is recommended to compare equity performance with similar assets for the same five year time interval. Similarly, comparing overall investment performance over the last five years with the appropriate market index is a great way to determine how this equity instrument will perform during unforeseen market fluctuations.
Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Hartford Municipal |
| = | 1.72 B |
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
Hartford Net Asset Comparison
Hartford Municipal is currently under evaluation in net asset among similar funds.
Hartford Municipal Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Hartford Municipal, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Hartford Municipal will eventually generate negative long term returns. The profitability progress is the general direction of Hartford Municipal's change in net profit over the period of time. It can combine multiple indicators of Hartford Municipal, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The fund seeks to achieve its investment objective by investing in investment grade and non-investment grade municipal securities that the sub-adviser considers to be attractive from a yield perspective while considering total return. At least 80 percent of the funds net assets must be invested in municipal securities. The fund may invest up to 20 percent of the funds net assets in non-investment grade municipal securities.
Hartford Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Hartford Municipal. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Hartford Municipal position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Hartford Municipal's important profitability drivers and their relationship over time.
Use Hartford Municipal in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Hartford Municipal position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Hartford Municipal will appreciate offsetting losses from the drop in the long position's value.Hartford Municipal Pair Trading
The Hartford Municipal Pair Trading Analysis
The ability to find closely correlated positions to Hartford Municipal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hartford Municipal when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Hartford Municipal - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling The Hartford Municipal to buy it.
The correlation of Hartford Municipal is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hartford Municipal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if The Hartford Municipal moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Hartford Municipal can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Hartford Municipal position
In addition to having Hartford Municipal in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Stores Thematic Idea Now
Stores
Companies providing different types of retail and wholesale services. The Stores theme has 41 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Stores Theme or any other thematic opportunities.
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Other Information on Investing in Hartford Mutual Fund
To fully project Hartford Municipal's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of The Hartford Municipal at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Hartford Municipal's income statement, its balance sheet, and the statement of cash flows.
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